financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD forecast update 21-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPUSD forecast update 21-10-2024
Nov 3, 2024 12:08 PM

The GBPUSD price trades negatively to approach 1.3000$ level, waiting to break this level to reinforce the expectations of continuing the domination of the correctional bearish trend, which its next target reaches 1.2866$.

Therefore, the bearish trend will remain valid and active unless breaching 1.3060$ and holding above it.

The expected trading range for today is between 1.2970$ support and 1.3110$ resistance

Trend forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The GBPUSD price approaches the target - Forecast today - 30-04-2024
The GBPUSD price approaches the target - Forecast today - 30-04-2024
Apr 30, 2024
GBPUSD Price Analysis The GBPUSD price continued to rise, reaching a few pips away from our awaited target at 1.2580$. However, the price now shows bearish rebound signals, suggesting a decline in the upcoming sessions and heading to visit 1.2480$ mainly. Therefore, a bearish trend will be expected for today, supported by the RSI negativity. Note that breaching 1.2580$ will...
The GBPUSD price is recovering - Forecast today - 02-05-2024
The GBPUSD price is recovering - Forecast today - 02-05-2024
May 2, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity after consolidating above the 1.2480$ level, heading towards a potential test of the 1.2580$ level. We suggest the continuation of the bullish bias on the intraday basis to surpass this level and achieve additional gains up to 1.2700$. The EMA50 supports the suggested bullish wave. However, breaking below...
The GBPUSD price tests the support base - Forecast today - 29-04-2024
The GBPUSD price tests the support base - Forecast today - 29-04-2024
Apr 29, 2024
GBPUSD Price Analysis The GBPUSD price tested 1.2480$ level and bounced bullishly from there, to resume the expected bullish wave on the intraday basis, which targets testing 1.2580$ as a first station. The EMA50 supports the expected rise, and breaching the targeted level will extend the bullish wave to reach 1.2700$, while holding above 1.2480$ represents key condition to achieve...
The GBPUSD price touches the target - Forecast today - 01-05-2024
The GBPUSD price touches the target - Forecast today - 01-05-2024
May 1, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price managed to touch our waited target at 1.2480$ and presses negatively on it, moving below the EMA50 to fall under negative pressure that supports the chances of breaking the mentioned level and pave the way to achieve more decline in the upcoming sessions, reminding you that the next station reaches 1.2385$. Therefore,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved